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Bonds Mispriced

Rick Norkin

I have 5000 units of an FNMA pass-through mortgage back security. The bonds should be priced at $0.99 per unit, but Quicken is pricing them at $99 per unit. I can manually adjust and check the ignore update box, but they continue to update. Any ideas on how to fix this?

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Comments

MontanaKarl

Fixed income is typically priced in 100 unit quantities… so you would want Quicken to reflect having 500 units to get the value right. I do think Quicken should adjust it automatically though so that you can report your actual 5,000 units… to match the $1=1 unit pricing of US Treasuries, for example. Having to record/show 500 for a corporate bond and 5,000 for a US Treasury when both represent $5,000 is silly.